I did a short turn on Sky News yesterday alongside Will Straw of Left Foot Forward. Incredibly, he seemed to be advocating that far from cutting public expenditure, we should be borrowing and spending more. He reckoned there was some sort of 'slush fund' available to pump money into various sectors because unemployment hadn't reached the heights many people thought it might. So just because the government hadn't spent money on unemployment benefit, it could now spend this money on other, as yet undefined, things.
And there you have the difference between the left and the right. If it were me, I'd use the money to reduce borrowing, whereas Will would spend, spend, spend. And we all know where that gets us.
UPDATE: Will's not pleased.